In a filing, Cytek BioSciences Inc revealed its CHIEF TECHNOLOGY OFFICER Yan Ming unloaded Company’s shares for reported $0.12 million on Apr 19 ’24. In the deal valued at $5.87 per share,20,000 shares were sold. As a result of this transaction, Yan Ming now holds 5,988,502 shares worth roughly $29.4 million.
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Then, Yan Ming sold 1,900 shares, generating $13,304 in total proceeds. Upon selling the shares at $7.00, the CHIEF TECHNOLOGY OFFICER now owns 6,008,502 shares.
Before that, Yan Ming sold 20,000 shares. Cytek BioSciences Inc shares valued at $135,400 were divested by the CHIEF TECHNOLOGY OFFICER at a price of $6.77 per share. As a result of the transaction, Yan Ming now holds 6,030,402 shares, worth roughly $29.61 million.
Stephens initiated its Cytek BioSciences Inc [CTKB] rating to an Overweight in a research note published on December 14, 2023; the price target was $9. A number of analysts have revised their coverage, including Raymond James’s analysts, who began to cover the stock in mid July with a ‘”a Mkt perform”‘ rating.
Price Performance Review of CTKB
On Friday, Cytek BioSciences Inc [NASDAQ:CTKB] saw its stock jump 3.59% to $4.91. Over the last five days, the stock has lost -7.36%. Cytek BioSciences Inc shares have fallen nearly -46.16% since the year began. Nevertheless, the stocks have fallen -32.37% over the past one year. While a 52-week high of $9.87 was reached on 03/04/24, a 52-week low of $3.80 was recorded on 09/12/24. SMA at 50 days reached $5.77, while 200 days put it at $6.79.
Levels Of Support And Resistance For CTKB Stock
The 24-hour chart illustrates a support level at 4.81, which if violated will result in even more drops to 4.71. On the upside, there is a resistance level at 4.98. A further resistance level may holdings at 5.04. The Relative Strength Index (RSI) on the 14-day chart is 38.88, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.38, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 81.48%. Stochastics %K at 23.48% indicates the stock is a holding.
How much short interest is there in Cytek BioSciences Inc?
A steep rise in short interest was recorded in Cytek BioSciences Inc stocks on 2024-08-30, dropping by -0.86 million shares to a total of 4.61 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-31 was 5.47 million shares. There was a decline of -18.6%, which implies that there is a negative sentiment for the stock.
